MADISON, Wis.—Credit unions will not be able to effectively move forward on their diversity, equity and inclusion efforts without someone inside the organization leading the charge, according to one credit union.
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MADISON, Wis.–For many CU leaders the focus right now is just on managing through the pandemic, but a few are already thinking beyond it, including envisioning the new types of offerings and delivery channels a changed consumer is already starting to expect, according to one person.
LAKE FOREST, Ill.—While some analysts have suggested negative interest rates could be on the horizon, one economist disagrees, saying the Federal Reserve won’t let rates slip below zero and further slow down lending.
SALEM, Ore.—While most credit unions are paying close attention to their net worth ratios during the coronavirus pandemic, one state regulator is urging CUs to pay close attention to several other metrics, as well as another rather nontraditional number, as well.
GURNEE, Ill.—No one is ever lucky when a pandemic strikes, but executives from two CUs that just completed a merger feel they were fortunate—in that the path to their combination progressed smoothly in the last few months.
LAKE FOREST, Ill.—New data show banks continue to exit the overdraft market while credit unions step in to fill the void—giving CUs a revenue boost during the pandemic.
JACKSON, Miss.–HOPE Credit Union here will be among the recipients of funds from a $100-million plan by Netflix to invest in Black lenders. HOPE Credit Union has received a $10-million deposit in the form of what the credit union calls a “Transformational Deposit.”
MADISON, Wis.– A university team’s logo and that of a credit union etched into a mountainside. A man popping out of a couch. Letting everyone know it’s a credit “YOUnion.” Those are just some of the creative strategies CU marketers have been deploying to ensure its messages are seen and heard.
NEW YORK—With only two days remaining to file applications for Paycheck Protection Program (PPP) funds, Inclusiv is concerned many minority small businesses will be left out of the two funding rounds—due to a “fault line” in the financial system the pandemic has exposed.
MADISON, Wis.—To finally put an end to racial injustice and racism, it will take a lot of “uncomfortable conversations,” says John Pembroke.